Crypto Blog
, a financial technology platform built on stablecoins to deliver a neobank-style experience, has raised US$10 million in seed funding. The round is led by HSG and Peak XV Partners. A number of high-profile angels, partners of DST Global, and Goodwater Capital also joined the round.
“For most countries and over half of global GDP, banking does not match the openness and speed of the Internet, it’s fundamentally broken. Stablecoins are the clear solution, but the user experience wasn’t great. We are building KAST to change this”, adds Raagulan Pathy, KAST’s Co-Founder. Pathy is a stablecoin expert, formerly the VP for Asia Pacific & CEO for Singapore at Circle, best known for USDC.
KAST offers payment cards and USD-denominated accounts to people in over 150 countries, the ability to receive and send cash, and working with partners such as Bridge . KAST will soon launch savings and other remittance products — all without the need to touch fiat directly. The maturing of stablecoin regulation and acceptance has led to rapid integration with traditional finance networks, enabling users to send money faster, cheaper, and more securely.
“The next generation of neobanks will be built on stablecoins and inherently global by DNA. They will differ fundamentally from the current generation of neobanks, which are limited in countries due to licensing, and struggle in integrating blockchain; their core systems and capabilities are just too different,” comments Daniel Bertoli, co-founder of KAST and former Partner at Quona Capital, a global FinTech fund that focuses on investments in neobanks.
KAST has completed a $10 million seed funding round at an undisclosed valuation. Within its first four months, the company has demonstrated strong early traction in terms of user adoption and revenue. The team views this as a reflection of significant global interest in its platform.“KAST delivers real benefits to global users. Their USD-denominated accounts provide a safe haven for hard-earned income when local currencies decline, especially for those without access to traditional US accounts.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
4 charged in Ohio River bridge fire; Repairs to cost $10 million, lanes remain closedFour people have been charged in connection to the massive fire that damaged a major bridge over the Ohio River.
Read more »
Anheuser-Busch invests $10 million in Jacksonville brewery to help local economy, facility upgradesAnheuser-Busch announced a $10 million investment in its Jacksonville brewery to help local economic growth and facility upgrades.
Read more »
Tenants who lost homes in 2023 Bronx partial building collapse file $10 million lawsuitSeveral tenants who lost their homes in a partial building collapse in the Bronx in 2023 have filed a $10 million lawsuit against the landlord, contractors and the city.
Read more »
More than $10 million in grants awarded to Cuyahoga County nonprofitsThe $10,750,847 in grants were awarded for 2025 through the CAC’s General Operating Support, Project Support and Cultural Heritage grant programs.
Read more »
4 charged in Ohio River bridge fire; Repairs to cost $10 million, lanes remain closedFour people have been charged in connection to the massive fire that damaged a major bridge over the Ohio River.
Read more »
A Sprawling 400-Acre Retreat in Vermont’s Green Mountains Can Be Yours for $10 MillionCamp Endo is the ultimate rustic retreat in Vermont’s Green Mountains and features a 13,400-square-foot main residence with upscale amenities.
Read more »